TRID - Jumping back in
TRID back near $20 is inviting. I have posted two reasons for loving TRID:
1. Incredibly undervalued
2. Possible takeover target
I won't go over #1 again.
But for #2, consider the following:
2 companies now own 16% of TRID outstanding shares: Wellington and Fred Alger.
Fred Alger went from 0 shares to 6.2% ownership last quarter. Wellington added 1.2M shares to a 9.6% position. Both are aggressive equity investment firms.
What strikes me as interesting is the Wellington position: almost 10% and that's where an investor must declare intent.
1. Incredibly undervalued
2. Possible takeover target
I won't go over #1 again.
But for #2, consider the following:
2 companies now own 16% of TRID outstanding shares: Wellington and Fred Alger.
Fred Alger went from 0 shares to 6.2% ownership last quarter. Wellington added 1.2M shares to a 9.6% position. Both are aggressive equity investment firms.
What strikes me as interesting is the Wellington position: almost 10% and that's where an investor must declare intent.
posted by Andrew at
10:23 PM
3 Comments:
could you please comment on the news "Trident Microsystems May Face Delisting". Thanks!
trid, is there any negative affect from possible delisting from nasdaq since not filed financials yet and option issues still under investigation?
I think you are referencing the latest notice from NASDAQ that says TRID has until April or it faces delisting. Many companies face the same issues from options backdating (JNPR, AAPL, etc).
I am not worried about the delisting, but I am worried about the cause for the lengthy delay.
For a small company, this should have been resolved quickly, months ago. There are only 344 employees - so tracking the details is really quite easy. Moreover, they have already announced the impact.
So why the delay? Letting the problem linger the way it has (no reports since June) is bad for shareholders. I am tempted to believe - as others do - that there is something stinky here. With the financial issues already known, all that remains is some type of non-financial issue.
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